#TRADING#STRATEGY#Algorand #ALGO

#CRYPTO    from  #INVESTIDEAUA @INVESTIDEAUA

Algorand ALGO faces problems because data

show that 88% of holders suffered losses, a 14% price drop in 7 days and a 50% drop in developer activity in 2 weeks.

Network stress signals profitability, growth and token performance. But usage and transaction volume is still growing, according to Algorand Technologies and IntoTheBlock

THEREFORE, monitoring is necessary if long-term prospects dim.

Fundamentals may outweigh the recent gloom, but there are short-term headwinds for the ambitious blockchain. Time will tell if robust technologies and platforms will outweigh the fickle movements of the indicators.